HIGHCLERE RACING

AN INTRODUCTION Highclere AN INTRODUCTION

Highclere Thoroughbred Racing was established because of a passionately held belief that everyone should have the opportunity to be able to share in what we consider to be the greatest show on earth. A sport that can render you exhilarated, frustrated, joyous, disappointed and triumphant all within the space of a few hours.

A sport that is at once spectacle, competition and social occasion like no other. Highclere Highclere AN INTRODUCTION AN INTRODUCTION

Although all of our owners start as strangers there is one thing they have in common, the horse. Without this they may never have met, but with it they shake hands, share a drink, swap notes on yearlings, learn from trainers, compare form, debate past performances, commiserate on a second place and revel in the joyous aftermath of seeing their horse enter the winners’ enclosure.

When you chose to take a share in one of our syndicates you will enjoy the racing experience at the very highest level and in a way that only we can deliver. Highclere Highclere AN INTRODUCTION AN INTRODUCTION

We have built deep bonds with owners and trainers alike and our team continue to strengthen those bonds on a daily basis by ensuring that our communication is professional, timely, clear and friendly.

“They’re really, really well informed and this is where many syndicate operations have suffered. Everyone knows they are meticulously honest and furthermore they have a very good record of buying horses. They take a lot of care in the selection and that gives their owners a chance.” Sir , Trainer Highclere Highclere AN INTRODUCTION AN INTRODUCTION

“What makes Highclere so good is the size of the syndicates. By limiting the numbers of owners they are much more personal and I think is appreciated by both the owners and the trainers too.” William Haggas, Trainer Highclere Highclere AN INTRODUCTION AN INTRODUCTION

Whether it’s in person at stable visits, by phone or via email in our regular and tailored updates, we keep all of our owners completely informed on details relating to their horse or horses as if they were the sole owner. Highclere Highclere AN INTRODUCTION AN INTRODUCTION

Over the years we’ve put together a first class team. Highclere Highclere AN INTRODUCTION AN INTRODUCTION

Winning is important, of course it is, and our record on the racetrack speaks for itself. Highclere owners have enjoyed success at all levels of racing with Group 1 winners, multiple Champions and Royal Ascot victories. 40% of Highclere’s runners at the Royal Meeting have won or been placed since our first runner in 1994. Highclere Highclere AN INTRODUCTION AN INTRODUCTION

Harbinger produces one of the greatest Ascot performances of all time in the King George VI & Queen Elizabeth Stakes winning by an unprecedented 11 lengths. Highclere Highclere AN INTRODUCTION AN INTRODUCTION

Petrushka, a true Highclere great, cruises home under to win the at the Curragh – the first time in racing history that a Classic had been won by a syndicate company. Highclere Highclere AN INTRODUCTION AN INTRODUCTION

Derby winner Motivator – bought by John Warren and managed by Highclere on behalf of the Royal Ascot Racing Club – is now enshrined in bronze by Gill Parker at . Highclere Highclere AN INTRODUCTION AN INTRODUCTION

As well as racing here in the UK, Highclere is growing its presence on the international racing scene with syndicates in France, Ireland, Australia and the USA. We work with some of the finest trainers in these territories and our owners have enjoyed some terrific success. Shares in these syndicates are open to all and provide a unique opportunity to travel with us, meet new trainers and benefit from the significant prize money that international racing can offer.

Jubilation! As Brenton Avdulla salutes the crowd after Libran grabs victory in the final stride of the G2 Chairman’s Handicap, Royal Randwick, April 2016. Highclere Highclere AN INTRODUCTION AN INTRODUCTION

Jumpers – as they are affectionately referred to – were first offered by Highclere in 2009. The horses are purchased from a variety of backgrounds, including France and the Point-to-Point fields of Ireland. As with our flat horses, the jumpers are placed with the very best trainers in the National Hunt game, including Paul Nicholls, Nicky Henderson and Dan Skelton. Highclere Highclere AN INTRODUCTION AN INTRODUCTION

The Highclere trophy cabinet is a testament to our success over time. Since 1992, horses managed by Highclere have won or been placed in 37 Group One races, including all of the British Classics. No other multiple ownership business can boast this level of , making us the most successful syndicate company in Europe.

A fraction of the trophies on display at Highclere Headquarters. Highclere Highclere AN INTRODUCTION AN INTRODUCTION

John Warren is one of the most talented and highly respected horsemen in the world and has purchased the vast majority of Highclere horses. He has bought us a staggering seven European Champions and one World Champion. Jake, John’s son, has inherited his father’s eye and is now a key part of the buying team. Highclere Highclere AN INTRODUCTION AN INTRODUCTION

Highclere owners don’t choose this life just so they can be in the winner’s enclosure, rather they want to experience the full of ownership which we provide. Highclere Highclere AN INTRODUCTION AN INTRODUCTION

To witness a horse develop through training and be in awe of the beauty of nature as the sun rises over the gallops… Highclere Highclere AN INTRODUCTION AN INTRODUCTION

…to be enriched by the knowledge passed on by trainers…

TO BE REPLACED Highclere Highclere AN INTRODUCTION AN INTRODUCTION

…and to be warmed by the friendships that develop by being part of the Highclere experience. Friendships that will last far beyond the life of a syndicate. Highclere AN INTRODUCTION

“It’s given me another chapter in my life. Lunches, lovely drinks parties, great dinners, good company... what more can one want? You’re meeting nice people as well, that’s what a lot of it is all about.” Highclere owner Highclere AN INTRODUCTION

Our aim is that one day you will share the ultimate experience of ownership and be swept up by the maelstrom of elation and emotion when your horse, the horse that you have witnessed at first hand grow from yearling to full blooded racehorse, surges past the winning post ahead of the field. Highclere Highclere AN INTRODUCTION AN INTRODUCTION

FAQ’S

What does HTR do? We hope that you will choose to We put together racing syndicates i.e. small groups join us as a Highclere owner and of people to share in a number of horses. share in our passion. There is more How many people are there in each syndicate? information on the ‘ins & outs’ of This varies, usually from 10 to a maximum of 20 people. ownership on the following pages Who buys the horses? John Warren buys the majority of HTR’s horses and on our website. alongside HTR’s founder, Harry Herbert. John is one of the most respected bloodstock agents in the world and is also bloodstock adviser to Her Majesty The Queen.

How successful have John and Harry been? Harry Herbert and John Warren studying Extremely. HTR has raced seven champions and has yearlings just before they enter the sale ring consistently been the leading syndicate company since 1992. In 2010, Harbinger became the world’s highest rated flat horse after winning the King George VI & Queen Elizabeth Stakes in record time. Previously, Motivator, who was bought by John and managed by HTR for the Royal Ascot Racing Club, won the 2005 Vodafone Derby.

How many Royal Ascot winners have HTR had? Ten and counting. Many more than any other multi- ownership company, all of which have contributed to an amazing win/placed strike rate at the Royal Meeting of 40% from 79 runners.

How much does a share cost? Highclere’s first Royal Ascot winner: This differs from syndicate to syndicate but generally Heritage, trained by John Gosden and ridden by Frankie Dettori, lands the ranges from £6,000 up to £50,000. King George V Handicap

For further information please call 01488 669166 or email [email protected]. Highclere Highclere AN INTRODUCTION AN INTRODUCTION

When are the new syndicates launched? How do I know when my horse is running? In June of each year. Most shares are sold before our Owners are kept fully informed as to the progress and Yearling Parades which take place in mid-October at running plans of their bloodstock. Horses are entered Highclere Stud. five days prior to the race and declared 48 hours before race day (24 hours for National Hunt horses). Owners Does HTR buy horses at the breeze-up sales? will be emailed at the entry stage and then called by Harry, John and Jake attend all the major European phone once the horse has been declared. Harry, John and Jake attend all the major Breeze-up sales in April and May. European sales each year What happens on race day? Do HTR buy proven horses? HTR organises for two owner badges to be collected from Yes, especially for our operations in Australia and the US. the owners’ entrance, which will give access to the paddock before the race. What does the price of a share include? The price of a share covers all expenses including the What makes HTR different to other multiple purchase and training of the horses until the end of their ownership groups? two-year-old career. This includes vet bills, entry fees, The consistent success of our horses at the highest level transport etc. A smaller additional sum, which is clearly combined with a highly personal and professional service stated on the agreement form, is due for their costs to our owners. as a three-year-old. How is HTR remunerated? How long do the horses race? We take a management fee charged on each share. This Most of HTR’s horses are sold by the end of their three- can vary from syndicate to syndicate but is clearly stated year-old careers. Some are kept to race as four-year-olds, on the agreement form. The company also takes 10% provided it is thought that they can increase their capital of the sales price of any horse selling for more than twice values and win good prize money. (This is different for its purchase price. the National Hunt horses). What is the most money that an HTR managed horse Can owners see their horses being trained? has sold for? Yes. HTR organises regular stable visits to Newmarket, In 2010, Harbinger was sold to stand at stud in Japan where owners are able to stay at the historic Jockey Club for a multi-million dollar figure. Previously, Petrushka Rooms, and to other trainers around the UK. If owners was sold to Sheikh Mohammed in 2001 for a then are unable to attend these visits we can arrange other world record $5,250,000. Other significant sales include days to fit in with their plans. Motivator (£6,000,000) Tamarisk (£3,400,000), Lake Tamarisk, sold to Coolmoore Stud Coniston (£2,500,000) and Highest (£1,700,000). for £3,400,000 The Jockey Club Rooms, Newmarket Highclere Highclere AN INTRODUCTION AN INTRODUCTION

Has HTR ever won a Classic race? Do Highclere run any syndicates outside of the UK? Yes. Motivator, who was bought by John Warren for Yes. Highclere currently have syndicates operating in the Royal Ascot Racing Club and managed by HTR, America, Australia, France and Ireland. won The 2005 Vodafone Derby. Previously, Petrushka won The Kildangan Stud Irish Oaks in 2000 and became Does HTR operate National Hunt Syndicates? the first ever syndicate owned Classic winner. Horses Yes, we do. HTR has a number of National Hunt horses managed by Highclere have now won or been placed with a selection of the top trainers. New syndicates are The Royal Ascot Racing Club greet their hero, in all five of the English Classics. launched throughout the year. Motivator, in the Epsom winner’s circle Why join an HTR syndicate versus racing my What happens at the end of the life of a Syndicate? own horse? Once all the horses are sold, the syndicate is wound The short answer is that it will be more fun, more Whatduhavtoget in full flight at Cheltenham up and the accounts reviewed by the auditors. Any cost-effective and will give you a far greater chance of surplus of income over expenditure is distributed to racing success at the highest level. It currently costs over the shareowners. In the unlikely event of a deficit any £30,000 a year to train, insure, travel and vet one horse. additional cost is borne by HTR thereby ensuring that For less money than it costs to train one horse for one no further calls for funds are ever made. year, a Highclere owner can enjoy two 100,000 guineas animals with all training fees paid through to the end of Would I have to pay tax if I make a profit on my share? their three-year-old career. In addition, the average price No. Racehorse ownership in the UK is outside the scope of a yearling in the 2016 Tattersalls October Book 2 Sale of taxation as it is deemed a hobby. was 65,359 guineas. Should I regard my involvement with Highclere What is HTR’s involvement with the Royal Ascot as an investment? Racing Club? Absolutely not. Each shareowner acknowledges that The Royal Ascot Racing Club was launched in 1997. participation in the syndicates is for the purpose of The Club’s horses are managed by HTR and have sharing in the enjoyment of the horses and NOT enjoyed considerable successes with Brancaster (Horris FOR INVESTMENT. Hill Stakes (Gr. 3)), Bannister (Gimcrack (Gr. 2)), Pollenator (May Hill Stakes (Gr. 2)) and Graphic Carriages arriving at the opening of the (Prix Messidor (Gr. 3)). Most significantly, the Club Royal Meeting triumphed with Motivator in The Vodafone Derby (Gr. 1) at Epsom in 2005. Motivator also won both the Racing Post Trophy (Gr. 1) at Doncaster in 2004 and The Totesport Dante Stakes (Gr. 2) at York in 2005. Highclere Thoroughbred Racing Limited Great Farm Barns, West Woodhay Newbury, RG20 0BP UK

Telephone: +44 (0)1488 669166 Facsimile: +44 (0)1488 669278 Email: [email protected] www.highclereracing.co.uk